The Housing and Urban Development Corporation Limited
The Housing and Urban Development Corporation
Limited (HUDCO) is a techno-financing public sector enterprise, under the
Ministry of Housing and Urban Affairs (MoHUA), Government of India. It was
incorporated in 1970 as a statutory body and converted into a public limited
company in 1994. HUDCO is a leading provider of housing finance and
infrastructure development in India.
The Housing and Urban Development Corporation
Limited mission is to:
· Promote housing and
urban development in India.
· Provide financial
assistance for housing and infrastructure projects.
· Develop new
technologies and financing models for housing and urban development.
· Promote sustainable
and inclusive development in urban areas.
The Housing and Urban Development Corporation
Limited key activities include:
· Providing housing
finance to individuals, developers, and institutions.
· Financing
infrastructure projects such as water supply, sanitation, drainage, solid waste
management, roads, and bridges.
· Developing new
townships and urban areas.
· Providing consultancy
services in housing and urban development.
The Housing and Urban Development Corporation
Limited has a strong track
record of success. It has:
· Financed the
construction of over 20 million houses.
· Financed
infrastructure projects in over 3,000 cities and towns.
· Developed over 50 new
townships.
The Housing and Urban Development Corporation
Limited is committed to playing a leading role in India's urban
development. It is working to:
· Increase the
availability of affordable housing.
· Improve the quality of
urban infrastructure.
· Make cities more
sustainable and inclusive.
Here are some of The Housing and Urban Development Corporation
Limited achievements:
· Financed the
construction of over 20 million houses
· Developed over 3,000
urban infrastructure projects
· Provided technical
assistance to state governments, local bodies, and other agencies involved in
housing and urban development
· Conducted research and
development activities related to housing and urban development
· Advocated for policies
that promote affordable housing and sustainable urban development
Recent of news which impact price of The Housing and Urban
Development Corporation Limited
In the Budget 2024, FM
Sitharaman announced 2 crore new affordable houses, which is the fresh trigger
for HUDCO shares. Even though HUDCO works at lower margins, it is a
government-backed financial company and one of the major financial companies
that deals in affordable housing. So, the market is responding to this budget
proposal, and the rise in "HUDCO share price in the last two days has to
be seen from this angle.
Impact on
Price of The Housing and Urban
Development Corporation Limited
Extending the post-budget
rally on Friday, Housing and Urban Development Corporation (HUDCO) share price
today climbed to a new lifetime high of 226.45 apiece on NSE. HUDCO share price today opened
upside and went on to touch an intraday high of 226.45 apiece, logging over a 30 percent rise in
the last two straight sessions. After the announcement of 2 crore new
affordable houses in the Budget 2024, HUDCO share price witnessed a sharp
upside move on Thursday and ended around 20 percent higher.
#hudco #News
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